Senior Product Manager Salary

Salaries for Senior Product Managers in the United States are generous, with average pay above six figures ($117K) per year. Including potential for bonuses and profit sharing — peaking near $25K and $20K, respectively — total cash payment to Senior Product Managers can bottom out near $85K or peak near $162K depending on individual performance. The particular firm is the biggest factor affecting pay for this group, followed by geography and experience level. Job satisfaction is reported as high by the vast majority of workers. Medical benefits are awarded to nearly all, and most earn dental coverage. This report is based on answers to PayScale's salary questionnaire.

$81,173 - $148,312
(Median)
$81K
$120K
$150K
MEDIAN: $117,031
10%
50%
90%

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$18.12 - $76.86
(Median)
$18
$60
$77
MEDIAN: $60
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$60K$120K$180K
Salary
$81,173 - $148,312  
   
Bonus
$2,938 - $25,373  
Profit Sharing
$1,912 - $20,180  
Commission
$12,000  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$85,241 - $162,341  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 3,737
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50$100$150
Hourly Rate
$18.12 - $76.86  
   
Overtime
$36.75  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$100K$200K$300K
Bonus
$2,938 - $25,373  
   
Commission
$12,000  
Profit Sharing
$1,912 - $20,180  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$85,241 - $162,341  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 30
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Job Description for Senior Product Manager

A senior product manager handles many of the oversight duties involved in getting a product from the concept stage to the production stage; they also work to maximize product by foreseeing customer and market demands. Depending on their business' needs, this can include a number of different tasks. Typically, a senior product manager is in charge of ensuring that best practices are followed, goals are met, and projects and related operations are conducted effectively. Senior product managers are often in charge of coordinating marketing, sales, and other product-implementation strategies to ensure that operations are properly conducted. When it comes to product development, there are usually numerous stakeholders in the success of a product who may have differing visions for the product. A senior product manager serves as a liaison between stakeholders and the development/implementation teams. A senior project manager also must evaluate the market to find ways to better serve the customers and increase profitability.

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Senior Product Manager Tasks

  • Define and document product requirements and roadmaps for execution and sales.
  • Collaborate with cross-functional teams for every stage of product development.
  • Transform business and market strategies into do-able, defined product plans.
  • Lead market research and position conversations to ensure viable products and balanced growth.

Common Career Paths for Senior Product Manager


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Senior Product Managers may experience a large salary bump if they progress into a role such as VP of Product Management. The latter position pays an average of $178K annually. A Product Management Director role is the most common promotion for Senior Product Managers moving up the ladder, and pay for the position tends to be around the $139K mark. Another typical, albeit less common, transition for Senior Product Managers is a Marketing Director position, where earnings are usually $80K.

Senior Product Manager Job Listings

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Popular Employer Salaries for Senior Product Manager


Dominating the field, Amazon.com Inc, General Electric (GE) Energy, Oracle Corp., International Business Machines (IBM) Corp., and T-Mobile, Inc. are top firms with a reputation for hiring a great number of Senior Product Managers. Genentech, Inc. offers the highest compensation with a median salary of $166K. Other employers shelling out big bucks include eBay Inc., Google, Inc., and Intuit Inc., where Senior Product Managers typically earn around $165K, $162K, or $154K, respectively.

Oracle Corp., T-Mobile, Inc., and Expedia, Inc. also rank near the bottom for pay, handing out $108K, $115K, and $135K-paychecks on average.

Popular Skills for Senior Product Manager


Survey results imply that Senior Product Managers deploy a substantial tool kit of skills at work. Most notably, skills in Strategic Marketing, Strategy, Program Management, and Product Marketing are correlated to pay that is above average, with boosts between 5 percent and 7 percent. Skills that are correlated to lower pay, on the other hand, include Microsoft Excel, Microsoft Office, and Project Management. For most people, competency in Product Development indicates knowledge of Product Marketing, Business Strategy, and End User Requirements Research.

Pay by Experience Level for Senior Product Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Experience and pay tend to be weakly linked for Senior Product Managers — those with more experience do not necessarily bring in higher earnings. Annually raking in $114K, the average professional in this position sees a six-figure salary within the first five years. Senior Product Managers see a median salary of $129K after reaching one to two decades on the job. Senior Product Managers who surpass 20 years on the job report pay that isn't as high as one would expect; the median compensation for this crowd sits around $130K.

Pay Difference by Location

National Average: $125,781

Larger city markers indicate a job is popular in that location.

California is a land of opportunity for Senior Product Managers. The state is home to the top three paying cities in the field, with Sunnyvale, San Jose, and San Francisco all offering salaries above the national rate. Senior Product Managers in Portland earn salaries far below the national average by 20 percent, proving that geography overwhelmingly affects the pay scale for those in this field. Employers also pay below the national average in Denver (11 percent lower) and Atlanta (10 percent lower).

Related Job Salaries

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Comp Managers: Start Here »

Experience Affects Senior Product Manager Salaries



National Average
$126,000



Skills That Affect Senior Product Manager Salaries





Product Management
up arrow 4%

Strategic Planning
up arrow 3%

Business Strategy
up arrow 2%

End User Requirements Research
up arrow 2%

Market Research
up arrow 1%

National Average
$126,000

Product Development
up arrow 1%

Business Development
up arrow 2%

Marketing Management
up arrow 2%




Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 567 votes.

Gender

Female
30 %
Male
70 %

Years of Experience

Less than 1 year
0%
1-4 years
11%
5-9 years
31%
10-19 years
45%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 94%
dental benefits
Dental: 89%
medical benefits
Vision: 80%
dental benefits
None: 4%
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